Egypt’s Deputy Prime Minister for Industrial Development and Minister of Transport and Industry, Kamel al-Wazir, called on Qatari businessmen on Sunday to invest in Egypt, particularly in its industrial sector.

In a meeting with Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani, al-Wazir emphasised the various incentives and facilitation measures introduced for Qatari investors, including the fast-tracked allocation of industrial land and same-day license issuance.

Along with other Qatar Chamber officials, the meeting was also attended by Mohamed Zaki al-Suwaidi, the head of the Federation of Egyptian Industries, and Amr al-Sherbini, Egypt’s ambassador to Qatar.

During the meeting, both sides discussed bilateral relations, especially in the fields of trade and industry, and the means of enhancing them, as well as the engagement of the private sector in both Qatar and Egypt in promoting investments between the two sides.

Al-Wazir also noted that 23 investment opportunities within Egypt’s industrial sector are open to Qatari investors. These include high-potential industries that address domestic market needs and have strong export potential.

He further affirmed that Egypt’s Ministry of Transport and Industry is fully prepared to provide all necessary support and facilities to Qatari investors.

Sheikh Khalifa lauded the strong fraternal ties between Qatar and Egypt, highlighting the ongoing collaboration between the Qatar Chamber and the Federation of Egyptian Chambers of Commerce.

He emphasised the importance of enhancing cooperation across various economic sectors and strengthening the relationship between businessmen from both nations, stressing that this collaboration would activate joint investments and mutual ventures, ultimately boosting trade exchanges.

He noted that trade exchange between Qatar and Egypt grew by 38% last year, reaching QR746mn, compared to QR540mn in 2023, underscoring the private sector's role in further developing trade between both fraternal countries.

Sheikh Khalifa also highlighted the keen interest of Qatari businessmen in investing in Egypt, which has seen significant development in its investment climate and opportunities in recent years. He reiterated that there is a shared desire among the private sectors of both nations to strengthen cooperation moving forward.